Bangladesh Bank has scrapped the mandatory requirement for exporters to retain 10 per cent of their advance export earnings received from foreign buyers, a move aimed at boosting cash flow and simplifying business operations. The central bank issued a circular on Thursday, lifting the retention obligation to facilitate the procurement of raw materials, streamline production…

Bangladesh is undergoing a profound political transition through reforms as it prepares for elections in February so that a return of authoritarian rule is prevented, Chief Adviser Muhammad Yunus has told world leaders. Trade, migration, bilateral and greater economic cooperation and current global issues of common concern figured high in his talks with the heads…